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Ring Energy, Inc.Ring Energy, Inc.Ring Energy, Inc.

Ring Energy, Inc.

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REI trade ideas

REI-Independent oil and gas company focuses on the Permian BasinRing Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquid rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas. Investment Summary for Ring Energy, Inc. (REI) Overview Float: 146.780M Critical Range for Continuation: $1.80 - $2.00 Technical Analysis Current Resistance Levels: $1.80, $2.00, $2.20, $2.40 Target Price (Take Profit): $3.00 Stop Loss: Set at under $1.40 Trading Strategy Entry Point: Monitor the key zones around $1.80 to $2.00. Action: If the stock breaks above this range with strong volume, it might signal a continuation of the upward trend. Profit Target: Set Take Profit at $3.00, considering the recent positive news and technical setup. Risk Management: Stop Loss: Place slightly below $1.40 to protect against significant losses if the stock reverses. Considerations Market Conditions: Overall market conditions can influence the stock's performance. Monitor broader market trends. News Updates: Stay informed about any news related to Ring Energy, Inc., especially regarding strategic initiatives, partnerships, and financial results. Chart Analysis Review the attached chart for detailed price trends and movements. Key Technical Indicators: Pay attention to moving averages, Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) for further insights into the stock’s momentum and potential reversals. Trading Advisory Caution: Exercise caution and align your trading actions with your risk tolerance and market conditions. Research: Conduct comprehensive research or consult with a financial advisor to tailor the strategy to your individual circumstances. Disclaimer This content is for informational purposes only and should not be considered financial advice. By following this strategic approach, you can potentially capitalize on the recent positive developments and technical signals for REI.
AMEX:REILong
by meitshels_smell_trades
$REI Bullish RectangleRing Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2020, the company's proved reserves consisted of approximately 76.5 million barrel of oil equivalent. It also had interests in 18,712 net developed acres and 6,650 net undeveloped acres in Andrews and Gaines counties, Texas; 18,256 net developed acres and 212 net undeveloped acres in Culberson and Reeves counties, Texas; and 8,085 net developed acres and 24,830 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in Midland, Texas.
AMEX:REILong
by BADQOMOCAWGOWLD
$REI Calls 5 Dec 17th, possible Return +494%Ring Energy Provides Encouraging Update on Northwest Shelf Phase II Development Program -- Successful 2021 Drilling Campaign Focused on Highest Rate-of-Return Inventory and Capitalizing on Higher Oil Price Environment -- THE WOODLANDS, Texas, June 16, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update on its previously announced program to drill and complete three wells (“the “Phase II Program”) on the Company’s top tier Northwest Shelf (“NWS”) acreage, targeting Ring’s highest rate-of-return projects in Yoakum County, Texas. The Bevo 664 C #2H well came online May 1, the Bevo 664 A #4H came online May 27, and the Bevo 664 A #3H came online May 30. All three wells started producing oil within three to four days of coming online, which is very encouraging in comparison to earlier wells drilled in the Section. During the last seven days, the three wells combined have achieved an average of approximately 300 barrels of oil per day per well. The Company’s working interest in each of the three wells is approximately 74%. Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “The continued successful results from our development program are very encouraging and re-enforce our confidence in the strong inventory of drilling locations on our NWS acreage. In addition to the strong production results, all seven wells in our Phase I and Phase II programs were drilled and completed on schedule and within budget. With the recent positive outcome of our spring 2021 bank redetermination, the increased flexibility afforded by our pivot to a more opportunistic hedging strategy, and a sustained higher oil price environment, we are actively developing plans for our Phase III drilling program that could commence as early as the third quarter 2021. We look forward to keeping shareholders apprised of our efforts as we remain squarely focused on maximizing free cash flow generation to best position Ring for long-term success.”
AMEX:REILong
by UnknownUnicorn19246015
REI - Ring Energy, Inc - Looking to do Moonshots very soonTA on REI. This ticker is primed for massive upwards price movement. This is based off just the TA alone, and nothing else. It's respecting MAs as support and resistance. It also just hit it's reversal in November '20, from a long multi-year downtrend. It recently rejected at a historical resistance point and curling up to retest again. RSI is showing bullish sentiment, which is confirmed through price movement on the Daily and Weekly timeframes. I personally will be looking to play December call options on this one, to maximize return. I'm neither an investment or financial advisor, but this is how I'm going to approach this one. I hope to see some good returns for you all on this one. Happy Trading.
AMEX:REILong
by ReadyFor401k
3
Why $REI oil meme reddit stock skyrocketed?A Texas oil company that’s been the subject of social media speculation in recent weeks is seeing an explosion in trading of out-of-the-money call options, indicating retail traders are betting on another big jump in the shares. Ring Energy Inc. is an industry minnow, selling an average of almost 9,500 barrels of oil in the third quarter. It shares have doubled in less than two weeks. The frenzy is latest example of “meme” stocks attracting the interest of retail traders. The company has featured recently in numerous discussion threads on Reddit. Ring is also under pressure from its largest shareholder, energy investor Simon Kukes, to make changes. Ring didn’t immediately respond to a request for comment. finance.yahoo.com
AMEX:REI
by AlenCiken